Common use of Form of Certificates Clause in Contracts

Form of Certificates. Certificates shall be issued in registered form only and shall be typewritten or printed on safety paper. The classes of Certificates to be issued hereunder shall be identified in the Series Trust Agreement and shall be substantially in the forms set forth in Exhibit C thereto, in each case with appropriate insertions, modifications and omissions, as therein and herein so provided. Certificates shall be executed by the Trustee by the manual signature of a duly authorized signatory of the Trustee. No Certificate shall be entitled to any benefits under this Agreement or be valid or obligatory for any purpose, unless it shall have been executed manually by the Trustee by the signature of a duly authorized signatory. The Trustee shall record in the Certificate Register each Certificate so signed and delivered as herein provided. The Authorized Denominations for each class of Certificates shall be the dollar amount, and greater multiples thereof (or of such other dollar amount specified in the Series Trust Agreement), set forth in the Series Trust Agreement. Certificates may be endorsed with or have incorporated in the text thereof such legends or recitals not inconsistent with the provisions of this Agreement as may be required by the Trustee or required to comply with any applicable law or any regulation thereunder.

Appears in 8 contracts

Samples: Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (National Financial Securities Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!